Restaurants for sale in Margate

View the "Unique Cheese-Centric Restaurant" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 We found a buyer within the first week of advertising with you. 

Mrs Herbert (Nov 2017)
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Leasehold Price: £110,000 Turnover: £214,856
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Business Description
Business
Hilton Smythe welcomes Cheesy Tiger to the market.

Cheesy Tiger has been established since 2015 and provides an array of cheese based dishes, such as:

• Mac ’n’ cheese
• Raclette with pan-roasted potatoes
• Bacon and pickled radish
• Burrata with heirloom tomatoes
• Broad beans and pickled radish
• Of course the humble grilled cheese sandwich!

All the produce is locally sourced and seasonal. They also offer a great selection of wines to accompany the delicious meals.

This bijou restaurant attracts a lot of publicity from publications, bloggers and boasts fantastic reviews:4.5 stars – Trip Advisor, 4.4 stars – Google, 4.9 stars – Facebook.

Cheesy Tiger covers 24 inside and 50 outside, the turnover is generated by 60% food and 40% drinks. The premises licence is from 11:00 am-11:30 pm

Scope to Improve:

• Providing a loyalty scheme
• Using online discount sites such as Groupon and Wowcher could also be beneficial

Hilton Smythe recommends early viewing to avoid disappointment.

Location
The restaurant is situated amongst other complementary businesses along the bohemian Harbour Arm in Margate which is located opposite Margate Old Town, next to the Turner Contemporary Gallery.

Margate is a town on England’s Southeast coast and is famous for its sandy beach. It has enjoyed a lot of regeneration including tourist attractions such as the modern Turner Contemporary art gallery and Dreamland amusement park with its vintage rides. There are also the Shell Grotto’s underground passages decorated with millions of seashells.

A short walk from the Cheesy Tiger is the town centre with an array of retail shops, restaurants, pubs and high street banks.

Cheesy Tiger is 0.8 miles away from Margate train station which operates a Southeastern service calling at stations such as the Medway towns, Ebbsfleet and St Pancras International.

Premises
As you walk through the entrance you are greeted with a rustic intimate feel with a seating area for 24 which leads to the counter at the rear.

Behind the counter is the kitchen area.

Equipment:

• 3 x domestic fridges
• 4 x stainless steel fridges
• Oven
• Double drinks display
• Dishwasher
• Mini freezer
• Hotplate
• Fryer

Tenure
This business is a leasehold opportunity, with 2 years remaining from the original 5 years.

The advised rent is £720 per month which is very good considering the location of the premises.

The business also benefits from small business rates relief.

Hours
The business is currently open just 4 days a week

Thursday – 12.00 pm – 9.00 pm
Friday-Saturday 12.00 pm - 10.00 pm
Sunday – 12.00 pm - 3:30 pm

Staff
They currently have 1 full-time and 7 part time staff on zero hour contracts

Financial Profile
We have been advised the business has a turnover of £214,856 with a net profit of £35,00

Assets: £5,000
SAV: £1,500

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04753
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